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CSPAN
Oct 30, 2013 8:00pm EDT
weighs op our economy right now, today. it is a drag on job creation today. we can't kick the can down the road anymore. we have to handle the debt and now. from my perspective, simply taking more from the hard working families of america is not the answer. i know my republican colleagues feel the same. i want to say this from the get-go, if we look at this conference as an argument of passes, we're not going to get anywhere. way to raise revenue is to grow the economy, get people back to work. we need a tax code to encourage economic growth that does not stifle it. luckily, democrats and republicans in the house and senate, well, guess what, they are working together to do just that. today there's carveouts and kick backs. we have to get rid of them. with bipartisan talks, that's the way to do it. let's encourage that effort, focus energy on the task at hand, a budget that cuts spending in smarter way. our goal is to grow family budgets. to do that, we have to get people back to work, grow the economy. over 90 million americans are on the sidelines. over a third of the unemployed in t
FOX Business
Nov 3, 2013 8:30am EST
months in a row. $14 billion. there's no confidence in this economy. no confidence in the direction of this country. and it's reflective. and this could be the final nail in that coffin. >> i don't know how you draw the correlation between this and a slowdown in holiday sales right now. >> well, let me -- >> i can do it. >> let me tell you, you arrogant good for nothing. [ laughter ] >> you're paying more for premiums, you will have to pay less -- peopleon't have your kind of money. >> but the haters like you are saying -- >> i am not a hater. i am telling you -- do you think it will affect holiday sales? yes or no? >> mr. neil, you are speaking out of both ends of your mouth, and here's why. on one hand you're saying that the plan isn't going to work. >> no. all i'm asking, will it impact holiday sales? yes or no? >> no. i don't think so. >> that's all i need to know. dagen? >> yes. >> jeez, what is up with you guys? it's like mutiny. go ahead. >> we had the run of the place when he was in charge. that's why. >> well, because it will because you have millions of americans who are b
FOX Business
Nov 3, 2013 1:30am EDT
away the most important factor is how the economy is doing. the botched health care law implementation -- and by the way, neil, he's got you there. you get an e for effort there. but you want to blame everything on obama care. and it could be terrible. and -- >> no, i don't want to blame everything. where do you get that? i've had it with you. i'm done with you. i'm moving on now. i'm moving on to my hollywood buddy, ben stein. for those who are now paying higher premiums or looking to, will it affect what they do this holiday season? >> yes. i understand the question, counselor. >> thank you. >> i understand the question, your honor. >> all right. >> for those who are contemplating pays more for health insurance and contemplating instead paying less, obviously they will be more cautious. i think the fact that obama care has been a fiasco, a disaster of poor planning and incredibly poor executive leadership, is even more important. it tells people we can't have confident in the people running the government of this country. that has much more to do with shopping in the h
CSPAN
Nov 2, 2013 4:00pm EDT
reckless actions. stoord & poors estimates the shutdown cost our economy $24 illion, and the peterson institute said bipartisanship has cost our country 900,000 jobs since the 2010 elections. i hope every member of this committee, democrats and republicans alike, will put away the threats of future shutdowns and default and focus our efforts to help our economy grow. the house and republican and senate democratic budgets before us represent very different visions for the future of the country. we're not going to be able to bridge all those differences, but i hope we can make some progress, and that will require tough compromises. it is also important to be honest with the public about the nature of our differences, because to govern is to choose, and our budgets reflect different choices. we need to reduce the long-term deficit in a balanced way. it provides for vital investments to ensure america remains the world's economic powerhouse. we aloe indicate resources to -- allocate resources to put people to work, modernizing our bridges and our ports and other infrastructure that is the
CSPAN
Nov 3, 2013 6:00am EST
most benefit for the u.s. economy. to come up with that requires a balancing, even among domestic interests, and then to go to 11 other trading partners in the case of ttp and t-tip and figure out a landing zone where it is a win-win for everybody. nobody gets 100% of what they want in 100% of the chapters, but we have to be able to look at the package as a whole and make sure that is serving our interests and our values and that it is supporting what we need to support in the united states in terms of job creation, growth, and strength and the middle class. those are our watch words. everything we do is tied back to those three objectives. so we will be working over the course of the next couple of months on tpp. as t-tip get up and running, we will try to achieve that objective. >> and hope there are no more government shutdowns to stop you. a couple of you have mentioned agriculture, which is not really represented up here. though governor, you have the tomato industry in tennessee. i will use you as a proxy. what do you say to a farmer, to somebody who is being asked to make r
PBS
Oct 30, 2013 6:00am PDT
of india's central bank says the country's economy has more room to improve. he's determined to reduce inflation and achieve sustainable growth. >>> and residents of a city of northeastern japan are recording their memories of a disaster two years ago and recording the results in a time capsule. >>> state-run media in china say authorities have arrested suspects in connection with now what's being called a terrorist attack. five people died on monday after a vehicle plowed through a crowd in tiananmen square in beijing. the suspects are believed to be members of the ethnic uighur minority. the sport utility vehicle crashed into a low bridge and burst into flames after had drove through the crowd. the driver and two passengers died along with a chinese man and a woman from the philippines. 40 others were hurt. china's central television reported police detained five suspects about ten hours after the incident ask that the suspects admitted they planned the attack with the three who died in the suv. cctv revealed a man, his mother, and his wife were in the vehicle, which was regis
CSPAN
Oct 31, 2013 5:00am EDT
>> the government shut down has hurt our economy and slowed economic growth. congressman van hollen mentioned a couple of the headlines. the one that is particularly painful to me is entitled "consumer confidence collapsed this month -- thanks congress." grow wages, create good jobs, and help our people. we want to make sure that the middle class can stay on the rungs of the middle-class aonomic ladder and we want policy to help those who are to there, get their -- there. i want to give three points. code justhe tax turned 100 and it looks every day its age. it is a broken, in efficient mass. -- mess. it is time to bring it into the 21st century. i'm committed to tax reform. and loopholesffs for us to close in the meantime without jeopardizing the goals of comprehensive tax reform. my hope is that this conference and put our feet in both can't , for tax reform and against tax ripoffs. --ood place to start incentives that push companies to move jobs overseas. second is medicare. the future for medicare is better care at lower cost. 965.s very different than 1 chronic disease, cancer,
PBS
Oct 31, 2013 12:00pm PDT
magazine, john micklethwait, zanny minton beddoes and philip coggan, looking at the global economy. to. >> if you look at history, it would be very weird if you had this amount of this amount of economic dislocation without some degree of political reaction. >> what is staggering to me about the way people are looking at politics is everyone is expecting nothing to change, and that should be the most surprising, if historians come back and look at this period and we still end with the same parties doing the same things, that would be truly extraordinary, because that would be against everything else which has ever happened in any other period of economic dislocation on this scale. >> rose: we conclude this evening with the comedian aziz ansari and for me doing the live special with the very first time i felt bad in a weird way, where i talk about how scared i would be to have a kid or how scared the idea of marriage was to me, and i could see people in the audience like thank you for saying that. i am your age or i am older or younger and feel that same thing and feel that same pressur
WETA
Oct 29, 2013 6:30pm EDT
rates. we are thestreet.com. >>> stocks are hot but the economy is not. what does it mean for your investments. >>? plans can led, sticker shock anded to a white house official on capitol hill was asked to explain why millions may not be able to keep insurance plans. >>> and one your later, on the anniversary of hurricanesandy, helping homeowners keep heads above water. that and more tonight on "nightly business report" for tuesday, october 29th. >>> good evening everybody and ç welcome. on this day in 1929 the stock market crashed and 20 points meant 12%. today, 84 years later the dow closed at a record high and the s and a 500 and the mid cap 400. call it green tuesday, if you'd like and some economic indicators market pros watch are flashing yellow, maybe even red. more on that in a moment. here for the record are the numbers on wall street today. a day of historical irony as the policy makers convene to discuss the economy and what to do without it. the dow with a last-hour sprint was 111 points and nasdaq gained 12 and s&p add add 10. >>> investors bought up stocks. retail sa
PBS
Oct 31, 2013 12:00am PDT
you feel and it is scary to me. >> rose: the global economy and a new breed of comic when we continue. funding for charlie rose was provided by the following. >> captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> we should be doing everything we can to keep families from falling into poverty and build more ladders of opportunity to help people who are willing to work hard climb out of poverty. >> rose: we begin tonight with the global economy, the united states, japan and europe seem to be gaining back some of that lost momentum emerging markets, are witness ago different fate, the international monetary fund cuts its projection for emerging market growth for the year 2013, china is expected to reach its official growth target of 7.5 percent, the country's leadership is facing questions on the sustainability of its economic model. joining me now to talk about these trend are distinguished guests from the economist magazine, they are ed. >> john micklethwait. >> zanny economic editor and philip coggan, capital markets editor
CSPAN
Nov 4, 2013 8:00pm EST
in mind was making sure the economy kept functioning. he was willing to do whatever it took to get that to happen. the central part of the crisis as you know going back to 2007 septembert peaked in 2008 was the financial sector froze and the feeling was we had to do something and do something quickly to get that moving. that did mean that some people were bailed out. there is no doubt about that. i remember being asked on tv, are you not worried about the moral hazard and my response was of course we are worried. the issue is one of the consequences of not dealing with it right now and i think the president and all the people in his administration felt that was the primary concern. >> what would you say? there were a lot of bailouts. some of main street got bailed out. usually when people say that it is more frustration with how our conditions, they do not seem that good. the unemployment rate is still high and we have not had growth for long time and it is hard to dispute that that is true. it is hard to figure out what else would we have done, how would we do that? >> let's take
WHUT
Oct 29, 2013 9:30am EDT
they don't focus on the weak economy, they don't deserve to be in power. this is an obvious answer. 24million people in america who are out of work or given up looking for work. we have the worst employment since the great depression. somebody has to be able to say hey, the government, the obama administration is responsible for this and the republicans can't make an issue out of it. >> who can leave the republicans at this difficult time? is it ted cruise of texas? >> there will be out of power for about generation. >> really? >> yes. >> why do you say that? >> because he is the far right of the american public and on the far right of the american people. he's an intelligent guy. he doesn't deserve -- >> he is extremely popular in texas. >> he isn't going to win the election for the republicans. the guy who can win the election is somebody like jeb bush who is a moderate, very effective governor. >> i think he is -- you are missing the problem, john. look, we now have half the american people are getting benefits directly from governor, including old folks and everyone else and a
SFGTV2
Oct 31, 2013 6:00pm PDT
produce 50 of the out put and people are driving in the economy but economic stagnation and federal gridlock are skooegz the federal government service. add in the pressures of rooirz temperatures and the countries face to daunting channels. urban america needs a new playbook and we'll take a look at that. we have 3 guests mayor ed lee. and the president of the urban management one of the countries largest home bindles and a co- author of how the city's are fixing our fragile developed. please welcome them to planet one. (clapping). thank you gentlemen all for coming. bruce cats let begin with you. we'll get down to some specification. you write that the great recession was a rude way. call thrills about that. first of all, that you for letting me be here. i think what led to the great recession was a miss guided growth model which basically said we can grow an economy consumed by department and focus on the meveng around homebuilding but the funds would tells us we need to grow an economy and debris i quite frankly as president in the region it's fueled by ideas and manufacturing b
CNBC
Oct 30, 2013 2:00pm EDT
the pace of its purchases. on the economy, information received since the last meeting in september suggests economic activity has continued to expand at a moderate pace indicators of labor market conditions have shown further improvement but the unemployment rate remains elevated. available data suggests household spending and business fixed income while the recovery of the housing sector slowed somewhat in recent months. again on the economy, the committee sees the downside risk to the outlook for the economy and labor market as having diminished on net since last fallp. gone from this is the language from the september 19th statement that raised concerns about financial market conditioning tightening. the standard for when key short-term interest rates might go forward remains the same. they stay at 0 to a quarter percent. at least as long as the unemployment rate is 6.5% and inflation two years ahead is projected to be no more than a half a percentage point around that 2% target. and when the fomc decides to look forward, and remain policy accommodation it will take a balanced a
WHUT
Oct 31, 2013 3:00am EDT
american economy, even if it doesn't grow as fast as everybody sees there are some numbers where you take absolute amount of american contribution to economic growth it might be bigger than china's by the time you put it all together because of the bigger economy, i think and you are raising american companies at the back of the top of things we do a list of the most valuable companies. three years ago the top ten were almost allstate owned, state capitalists entities and now nine out of the ten are american. and one reason why is because people, investors, when they look at these big stake companies they wonder how well they are run. i think american capitalism is sort of coming back, although with some problems and i think american government although you have the dysfunction there i think you will see dysfunction in china. >> rose: are you disagreeing? >> i don't disagree that much, i disagree a little bit. i think there are three big questions facing the word for next year, one is, is the u.s. economy going to accelerate? it has been -- we waited for accel investigation to come and it
CSPAN
Nov 3, 2013 10:00am EST
waive thoseose -- requirements during a tough economy. if they need our assistance, we are ready and willing, and able. house inc.the white needs help -- think it needs help? the ranking members obviously understand would have just explained. i think there are nist customs discussionsions -- and negotiations that will be dealt with after the other versions have been worked out. it is a tough issue and a big issue, and an important issues, but there are other important issues that need to be resolved. most of the focus today, and most of the focused this week, most of the focus next week will probably be on some of those other key issues that need to be worked out. the dairy portion for example. >> speaking more broadly on the program, a major milestone, expiration of a major boost in the stimulus program. in february of 2009, the unemployment rate was rising, was 33 people using snap million. now ecb unemployment rate falling, and yet we have 47 million people using the snap program. what does that say about our economy? our think the first part of -- your question, you answered, the
PBS
Oct 31, 2013 6:00am PDT
and price trends. the japanese economy has been showing positive signs. they include a rise in corporate production and an improvement in employment. the policymakers decided to keep the monetary easing measures in place, considering uncertainty such as a slowdown in emerging economies. they discussed the price outlook between now and 2015. they say consumer prices will rise 1.9% by fiscal 2015. they kept their inflation forecast the same as three months ago. >> we have been seeing positive developments across broad areas in the economy, the financial markets. people's sentiment, and expectations. the economy is on a path to achieve the 2% inflation target. >> he also expressed hope that employers would pay higher wages on the prospect of higher corporate earnings. policymakers revised down the gdp projections for this fiscal year ending 2014. uncertainties remain regarding overseas economies. they say japan's economy will grow 2.7% this fiscal year down .1% from the previous forecast. the policy makers say the consumption tax hikes scheduled for april will not deal a serious b
CSPAN
Nov 2, 2013 6:00pm EDT
economy, because we can't close a difference in 2014 of 1.5%. we are closer than we might think in 2014. number two, we should all agree that growing the economy should be the primary goal. the major test of a successful budget is not inc. on a page, or even the gdp to debt ratio. it is whether a government spending plan helps produce a growing economy where people in all regions and stations of life can have a path to economic success. that is what we try to do in the budget and look forward to talking about how it accomplishes economic growth. i think we can all agree the sequester is a bad idea. senator warner talked about this. those who voted for the bill said do not worry we will never get the sequester because we will never make a deal. those who voted against it largely said, i voted against it because the sequester is a bad idea. so everybody agreed at the time it was a bad idea. now in the senate, senate armed services bipartisan have said we need to replace it. house bipartisan have said we need to replace it. everyone thought it was a bad idea at the time. everybody sti
PBS
Oct 31, 2013 1:00am PDT
u.s. economy a boost. wrapping up a two-day meeting policy makers at the central bank forecast weaker growth ahead and said the fed will continue the stimulus program and keep the key interest rate at 0%. the fed's state signalled the economy continues to improve but only modestly. >>> investors poured over the statement and seemingly didn't find much to hold on to. stocks set out records yet, maybe they were just tired today and that's why they sold off. probably as good an explanation as any. the dow 61 and nasz deck off 21 and s&p lower by eight. treasury notes were low and yields sparked higher at 2.54%. >>> joining us more to talk about the fed meeting, david kelly, chief global strategist at jp morgan fund. no surprises on that fed decision. even was expecting it but there was speculation one of the reasons the marketsç stayed in the minus column was that there was speculation that maybe ben bernanke will begin this whole tapering thing before he steps down as chief any time between december and january. what do you think? >> i think that's possible. i don't think anything in
CNBC
Oct 28, 2013 7:00pm EDT
rate. we have alan greenspan to talk about that policy and talk about the current state of the economy. our other special guest will be former florida governor jeb bush. i'm going to ask him about the civil war in the republican party and how to solve it. all that and more on a special edition of "the kudlow report." we are live from washington, d.c. tonight and we begin right now. >>> good evening, everyone. i'm larry kudlow. this is "the kudlow report." we are live, 7:00 p.m. eastern, 4:00 p.m. pacific time. we are in washington, d.c. top stories, continuing failure that is obama care tops the news tonight. we begin with a breaking story from our colleagues at nbc news. four stories deeply involved in the crafting of the affordable care act tell nbc news that most of the 14 million americans that have their own health insurance will have their insurance cancelled as a result of obama care. the report says the white house has known this will happen for at least three years. and that means that the repeated promises made by president obama and others about keeping your own health plan
WHUT
Nov 5, 2013 7:30am EST
transmissions a year. >> translator: as mexico's economy grows, the auto market will expand. and so will domestic demand for cars. >> reporter: mexico's economy is the second biggest in latin america, trailing only brazil. the middle class is growing. and consumers are enjoying greater purchasing power. this man is 40 years old. owns a house in the suburbs of mexico city. pena works for a security company. he says that during the past five years his income has nearly doubled. he bought 2 cars this year, each with a 36-month loan. pena is not alone. more and more mexicans are buying cars as their income slides. >> translator: after paying off this loan, i want to trade in my car for a nicer one. >> reporter: but honda motor is facing some new competition in the market. nissan is also building factories in the country. besides, its vibrant domestic auto market, mexico is ideally positioned for exports. mexico has concluded free-trade agreements with most of its neighbors in north and south america. as a rule, no tariffs are imposed on exports to these nations. and shipping costs are low. a
CSPAN
Nov 4, 2013 12:00pm EST
him him him him him him foundation for an economy. i will not say market oriented because it's not there yet but him himhim him him him him him him him it's definitely moving in that direction. the question i wanted to rescue was, you know we were talking about the negativity? to me, a good portion is coming from the various inspectors general reporting from afghanistan. you think you will get to the point where they can series the handle transfer of funds he? -- funds? >> no. >> pretty straightforward answer. >> i don't think they are to that point out all. the gm representative and dealer. there are real glimmers of enterprise. this is a significant deal. these women work during the day and they come to this place right to the american university campus to get the skills that they need to go into business. i know it will happen overnight and it's a real significant change to be a part of. >> i'm from the naval postgraduate school. it's great to have you here and listen to what you are saying. i want to start with what you opened with was telling the stories of the public that's i
CSPAN
Nov 4, 2013 6:30pm EST
even taken the whole federal government hostage and the whole economy of the united states hostage. that is what they tried to do. they failed. thank goodness, and the hostages have been released, the government is back up and operating, but there are some of us who are sincere about supporting the concepts of this bill. the promise of this bill which is extraordinary, really, and historic but we recognize that there are some pieces of it that need to be fixed or tightened or tweaked to make sure that it's going to work in the future as we have said. so, again, that is simply what my bill does. i'm happy to introduce it. i've got one cosponsor, senator manchin from west virginia, but many others have expressed their interest in working with me on this, and i look forward to bringing this before the committee for full debate and hopefully to the senate floor in some way in the near future for debate and hopefully for passage. and i yield tour. i yield the floor. i suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: quorum call: a senato
SFGTV2
Oct 31, 2013 6:30pm PDT
. today. thank you more innovation fuel and export during which than the economy as a whole. this is the van ignore of the industrial reluctance we want to be at the head of it. we talk about portland. portland actually doubled exports in - >> in san francisco we don't think of that (laughter). >> i'm sure how san francisco would respond to that we're weirder but portland is betting on a because they were so smart at the metropolitan scale a tear down the freeway in the 70s they've attracted a lot of firms t 3 sell services. their brand is we build green cities. they're saying to the latin medical examiner cities you can break out and we can help you plan and supply those products. we innovative in the economy while export those services and products good jobs and a very different model. you know, i think we need to get beyond labels. the most of come out of washington, d.c. they're mostly ideological about what the economy is. we're mapped it, it's productive and cities will get about the business of developing fuels >> i want to follow up on cars you note in 1983 half of the americ
CSPAN
Oct 29, 2013 1:30am EDT
shuts down. economy,f our unique the distro columbia has had one of the strongest housing markets in the nation. hurt even ourown robust market. we were especially vulnerable because the district is unique in another way. that is we cannot spend our own money spend our own without an appropriations bill from congress. economy may have lost as much as, ladies and gentlemen, $1 million over the 2.5 week we thethe city government, city government was involved in this. we kept our government open by spending our reserves. our police state on the beat and the garbage trucks continued to pick up. i am sure you can imagine the psychological impact on people considering a buying a home during the shut down and the weeks leading up to it. this is especially true in this region with its reliance on the federal government as it has been for decades. badou know, uncertainty is especially bad for the housing market. in fact, sales which usually pick up in the fall actually slowed down from the summer here in the district of columbia. consumer sentiment naturally fell to a nine-month low after
Al Jazeera America
Oct 31, 2013 10:00pm EDT
and people that produce the food, that ship the food and gets in the economy and helps the economy in general. it is going to hurt memphis and my community and the economy here. >> the amount being cut is an amount that was increased in order to help stimulate the economy. we're talking about children, seniors, and veterans. why are we seeing such large numbers of people on the programs? critics also say that part of the problem is that states have gone too far in relaxing the requirements to determine who gets the benefits. >> in my community i see vast despair ransy in health. for a family of four it's like $32 that will be cut. that's breakfast for some of the people that caused the recession going down to one of the hotels in new york. one day. the disperrensy is unbelievable. it's $1.50 per feel that people get. this will cut it to $1.40. and that is cruel and wrong. and people don't see the poor in our nation so much. people in new york they ride in the cabs and from the battery and midtown, and they don't get to harlem. the fact is, half of the people that get food stamps ar
CSPAN
Oct 31, 2013 12:00pm EDT
the keynote speaker was treasury secretary jack lue who talked about the state of the global economy, citing improvement and the need to increase demand for economic growth. >> thank you, penny, for that kind introduction. it's great to be here with you this morning. i want to thank the commerce department for hosting the first select u.s.a. summit. i'm here with a simple message. we do not take investment in the united states for granted. we know it's important for jobs, important for our businesses and it's important for our prosperity. in our increasingly global economy, the united states cannot settle for the status quo. that's why president obama made fueling america's competitiveness the cornerstone of his economic policies. our economy is the largers in the world and looking to the future, we need to make it stronger by improving worker training and education, upgrading our infrastructure, and growing our manufacturing base. the truth is, there are additional things we can add and do to make america even stronger as a magnet for investment. before talking about what make ours
CSPAN
Oct 31, 2013 11:00pm EDT
stop stopped explosive in our resources. at some point, life came back to iraq. the economy started recovering. the construction developed. the security and economic level, and the political level, despite a diss balance we witnessed. we were able to defeat al qaeda, and this brought life and union back to the rack. why do we see what we are seeing today? why did we see the massacres? a genocide of iraqis. some believe that one component is fighting another component. this is not true. all of the iraqi people, the sunnis and shiites, are all killed. it is relating to the morale of al qaeda, who work to reach the goal by shedding the blood of iraqis and spreading terror. the cooperation between our forces in the united states of america, why is terrorism back in the region? what are the main reasons why terrorism isn't moving in iraq? it is a vision of the reality been impacted by the region. after the arab spring, which we support because they targeted dictatorships, no single regime can remain acceptable loss governing in such a wrong way for so many years. hence the revolutions, n
CSPAN
Oct 31, 2013 12:00am EDT
farms and broader economy. now while we're one step closer to the end goal, most agree we have heavy lifting before this conference. i serve as a chairman of the house agriculture subcommittee on conservation energy and forestry with jurisdiction over titles 2, 8, and 9. at the subcommittee we spent years examining the 2008 farm bill along with the range of other issues under the purview. i'm proud of the product put forward and passedded out of the house. tho this work, we made improvements with a name towards efficiency and value. reforms under all three titles create savings while improving outcomes. while many areas are similar to the senate bill, a number of are different including provisions to address areas that our national forest system affected by invasive species and fire damage. the house and senate addressed the matter through different means. it's my hope through legislation we promote the health and well being of the national forest system as effectively as possible. the preferred language in title 9 # or referred to as the fairness act, bipartisan support, congr
FOX Business
Oct 27, 2013 9:00pm EDT
economy. >> your dollar will be worth just this much tomorrow as it is. >> the dollar as low as 96% of its value. >> not everybody likes it. i think it will -- >> is a pretty unlikely possibility. we have never had a decline of house prices on a nationwide basis. >> we have also said that there not printing money, but they do. now she will be in charge. >> the number one most important economic decision i will make. john: probably the mossecond powerful job in the world, yet people don't know what it is. the fed. >> i don't know. john: a small group of old, white people who get to spend trillions of your dollars in secret. >> no secret to ball of government officials should have the authority to create money out of thin air. john: are you fed up with the fed? that's our show tonight. ♪ >> and now john stossel. john: i have done hundreds of tv shows, but there is one topic i have always avoided, the fed. i know is important, more so than most of what i cover, but it is so complex injury. people in charge even work at being tall. alan greenspan called it fed speech and tried to be obsc
PBS
Oct 31, 2013 7:00pm PDT
treats to balance out the tricks and the economy is okay. >> the economy is still growing at roughly 2%. so i think it's fairly resilient. we would have actually been growing faster. >> reporter: all and all a pretty good recipe for stocks in a month that's turned its reputation for being unfriendly to equity investors. there was october 1929 of course, the market fell more than 20% ushering in the great depression. there was 1987. the dow crashed 23% in a day and in 2008, the dow was down 28% for the month despite the index' biggest one-day gain ever, more than 936 points on october 13th. this year, of course, it's different. record highs for the dow up 3%. the s&p 500 up almost 5%. the russell 2,000 nearly 3% higher and nasdaq with a gain of 4% this month is higher than its been in 13 years. investment trick or treat. >> try not to think about the levels because it scars you. >> i'm getting more nervous. i'm fighting the greedy monos. >> reporter: so what happens from here? that naturally is anybody's guess really. season nalty is on your side typically the markets go higher in novem
CSPAN
Oct 31, 2013 8:00pm EDT
. the u.s. remains the largest economy in the world and the largest recipient of direct foreign investment. as we all know, the competition for your partnership and investment is fierce. the united states simply can no longer rely on being the biggest economy are the obvious choice. we have to work every day to do our very best. select u.s.a. is the result of the president broad commitment to making it easier to do business in the united states. we are centralizing resources at says secretary mentioned to give information to -- you need to market the u.s. marketplaces. we are also joined by representatives from state and local government. they are partners in this. you should leave here today with the resources and relationships that you need to make select u.s.a. work for you and for your businesses. put simply, we want your partnership and we will work hard to earn your trust and your confidence so that you do select the usa. i'm thrilled to be joined by a great panel business leaders who can offer their perspectives on why the united states in such a dynamic destination for y
CNBC
Oct 31, 2013 5:00am EDT
shutdown? >> yes, of course, but wrefl it here. in japan, the domestic economy is doing as well as it possibly could. that was also in the bank of wars pan's outlook today that domestic economy is doing well. but overseas economies export and so on are not pulling us as much as we were hoping for. so the outlook at become quite a bit mixed. >> yeah. i just wanted to get your view of whether you think the balance of risk with fed tapering has changed. >> it has quite a bit. we still think that the bank -- that the federal reserve will be quite a bit more expansionary that we were thinking this summer. and i feel the impact in our markets in asia, in southeast asia we have still ongoing booms on many sides, which is helping a bit. but on the other hand, the dollar is right now we've got a lot of uncertainty, quite a bit weaker than we would be hoping for. so this is, of course, an impact on the outlook in the u.s. and we need this market back, of course. and here the accepts of the federal reserve is most welcome. >> yeah. meanwhile, the bank of japan as you mentioned stuck at cpi estim
FOX News
Oct 27, 2013 10:00pm PDT
need somebody to foster conditions for a healthy economy. >> really? your dollar will be worth just as much tomorrow as it is today. >> the dollar lost 96% of its value. >> he said housing prices wouldn't crash. >> pretty unlikely possibility. never declined house prices on an admission wise basis. >> he said, they're not printing money. but they do. now she's going to be in charge. >> it is definitely one of the most important economic decisions i will make. >> it is one of the most important jobs in the world but the people don't know what it is. >> the fed, i don't know. >> the fed is small group of old white people who get to spend trillions of your dollars in secret. >> no secret of our government officials should spend money out of thin air. >> are you fed up with the feds? that's our show, tonight. >> i've done hundreds of tv shows. but there's one topic i've always avoided. the fed. i know it's important. more important than most stuff i cover but it is just so complex and dreary. people in charge even work at being dull. alan greenspan calls it fed speak, said he tried to be o
FOX Business
Oct 30, 2013 7:00pm EDT
of the economy that is now vulnerable, because the web site did not work, and obamacare is built on what is a very, very faulty assumption, and presumption because of mandate, that young people will sign up for health care they don't need. these risks are very high. where are the republicans headed now, and what is the course you all will follow? >> we are going to continue to get to the bottom of this you point odd one major issue, the cyber security issue, as you heard, that you know we're concerned about that you know, therure americans who are managing to get on to web site at this point, at some time, they are vulnerable it cyber security issues. if you saw kathleen sebelius she looked like deer in the headlights but she could not answer those question. this thing is dying of self iinflicted ported mortal woundss go with something we know will work. lou: that is? >> american health care reform act, it covering these, and provides affordable healthy care, but it does not with the patient-centered approach in the free market. lou: and congress welcome rene elmer for more than two
WHUT
Oct 29, 2013 7:30am EDT
month or so. we needlessly inflicted considerable pain on the economy for the fourth quarter this year with absolutely nothing to show for it. i do think that is likely, the failure of those confrontations to produce any positive results makes it less likely that we get into the same kind of conflict we saw here in october of this year. so i think it's less likely to be a factor early next year than it was in fed decisions not to taper in september. so i don't think, unless the congress, once again, pursues a completely reckless path, i don't think that's going to be a stumbling block for the fed to begin to taper in the early part of next year. >> so what are the remaining risks for the u.s. economy? is it that weak to taper any stimulus? >> we've had a very huge amount of fiscal restraint on activity over the course of 2013 and that is likely to lessen as we move into 2014 and we ought to see some pickup but it's still the case that businesses remain very cautious. i think households as well certainly are remaining cautious. income growth hasn't been very swift. so i think domes
Al Jazeera America
Oct 31, 2013 5:30am EDT
just spent two days discussing what it's going to do about this economy. for now the fed plans to stay the course continue pumping $85 billion a month into the financial system and that has the affect of keeping interest rates down. the fed says it's too early to taper that stimulus in part because the government shutdown set us back a bit but they still cite a week jobs picture. >>> 10,000 private sector jobs were added in october. that's not the monthly government jobs report. we'll get one of those on november 8th. this is from the payroll firm adp but it's generally seen as a predictor of what the government number will say especially since the vast majority of jobs created these days are in in fact, in the private sector. 130,000 is well below the average for the last 12 months. how does this connect back to the fed? lower interest rates were meant to encourage lending making money cheap to borrow. that's supposed to help firms expand and increase their hiring, make people spend more but companies aren't doing that at the speed that the fed would go like. and low interest rat
SFGTV2
Oct 29, 2013 8:30pm PDT
recognize with is a surge of the boarder need to see the surge it will bring to our economy. mayor lee hit it. the supporting business and keeping the right talent will create more jobs. so we continue to drive that messages home. the majority of americans when i look at the numbers support this common sense approach. creating more jobs fueling the economy with the right talent and the right folks we have been educating. so when you look at the numbers and the pop up most americans support this. and they'll see the benefits in their communities. i've repealed many companies and it requires us to come and see the support at the state and national level what's fueling the education don't for the community. we get real focused on the national community but it's at the state and local level. and even smaller towns across the country. so the messages it is from the state and local level first >> let's hear from our young entrepreneurs. your creating jobs and paying taxes when you hear this from people what you do you say >> i've definitely paid hoof taxes. the short answer is yeah, the sili
SFGTV2
Oct 29, 2013 8:00pm PDT
official economy that are hiding. because of fear that will not participate in health prevention because of fear. because of that we have to have an immigration policy it is forward-looking and make sure there's a path to censorship[p. we're in a worldwide talent war. are we going to lose to other great cities or are we going to make sure we're getting the talent. i know the conversations are a bit sensitive but we're not taking anything away from our companies. i have investments in europe where we train residents to be part of the technology we have but at the same time certain areas need that worldwide talent. event pride is not just here for local customers but for events around the world. and that's true for every company in the chamber of commerce wants worldwide so immigration is part of their dna of recruiting talents to get the worldwide talents that are competent. i want to break in the african and latin america and our businesses to be represented all over the world because our sdm dna is about being a national city. san francisco has always been a part of the conversa
PBS
Nov 4, 2013 7:00am PST
ski the polish minister of economy said a meeting of the cars and published in a governmental commission on economic cooperation. be sure that cause extend joining the wto will create favorable conditions for the increasing trade volume in investments last year trade volume between poland has extended reach two point one billion us dollars. the two countries but for the belt cooperation mechanic went in during our industry defence and mining industries as well as transport and logistics because a delegation presented the programme of preparation for expo two thousand seventeen during the meeting. the line extending trade turnover in investments was signed at the end of the meeting the parties also expressed a willingness to sign in a governmental or even on cooperation in the field of education standardization in veterinary medicine. expo two thousand seventeen is proof of the fact that colin treats context and as a leading country. i want to remind you that context and was elected as one of my priority countries poland expo two thousand seventeen on one hand crowns longstandi
CSPAN
Nov 4, 2013 12:00am EST
one million jobs. time they admit -- >> the british economy is on the mend. we see unemployment coming down. our growth rate is forecast to be almost three times as fast as german growth. the leader of the opposition told us we would lose one million jobs. and it'solutely wrong, time he got to his feet and told us he was wrong. >> mr. speaker? having listened to select committee hearing yesterday, can the prime minister tell us what's the difference, can the prime minister tell us what's the difference between his -- >> order. can i just say to the prime minister's pps, his role is to nod his head in the appropriate places and to vet and carry notes. no noise required. >> mr. speaker, listen to the select committee hearing yesterday. can the prime minister tell us what is the difference between his policy on energy and that of the energy companies? >> not a word of apology about a predicting a million jobs lost. they bottom it wrong and they can't bear to admit it. >> order. >> the question must be heard and the answers must be heard, however long it takes, some people need to g
CSPAN
Nov 3, 2013 9:00pm EST
is right. the british economy is on the mend. up.aw the numbers going growth rate is forecast to be three times as fast. frankly the leader of the opposition told us we would lose one million jobs. wrong, and it's time he he to his feet and told us was wrong. mr. speaker, having listened to the committee yesterday, can the prime minister tell us what's the difference between his -- can i say to the prime minister his role is to nod his head in the appropriate laces. the -- inappropriate places. can the prime minister tell us that is the difference between his policy on energy and that of the energy companies. >> they got it wrong and cannot bear to admit it. must he heard, and the answers must be heard. however long it takes, people must get used to the fact. there is little competition to down, but what we have learned in the last week is this competition should include switching. he said, i will tell the prime minister, telling people that the answer is to switch our suppliers. but what did we find out over the last few days? he switched his supplier! yes. i went, he went for one
CSPAN
Nov 2, 2013 6:30pm EDT
multiplier effect in terms of the local economy. not even necessarily so much in the rural area. the economic boost actually goes to the urban areas. >> surely that could not have been the fcc intent, to slow down broadband buildout. rules't they argue the have eliminated waste in some areas, allowing companies to more efficiently put up broadband? >> i hear where you're coming from, and i think the universal service system is actually a very complicated network. a lot of different rules, regulations, how it applies to different carriers. then you add on the lifeline. there is a lot of moving pieces. i think the thing that was a little difficult that we sometimes do here in washington, we become so academic. we think about it from an academic perspective. there must be a formula. there must be a model. there must be an answer from an ivory tower. i think what would have really helped the fcc would be getting on the ground, seeing how the carriers make decisions, make investments, and what does it mean. i will give the fcc a huge amount of credit for the fact we are now working toward
SFGTV2
Nov 1, 2013 5:00pm PDT
costs, grow our economy, create jobs and stabilize our fiscal health, this year i'm proposing a budget that protects our social safety net, one that increases public safety, and one that invests in our city's infrastructure at unprecedented levels. and it is a budget that significantly grows our city's reserves. this budget is being delivered as san francisco's economy is recovering, going, and moving in the right direction. and san franciscans are getting back to work. in fact, our unemployment rate has dropped, as you all know, from 9.5% in january of 2011 to an astounding 5.4% just last month. (applause) >> i know, i know it has -- it has not been easy. we've had to work hard with our health services system, our care -- our health care providers, and labor to reduce employee health care costs. and because of our collaboration, we will now save $52 million over the next two years. and we've made tough but necessary choices on everything from escalating pension costs to reforming our unfair job punishing business tax. we've injected a healthy dose of fiscal discipline with two-year bu
CNN
Nov 2, 2013 11:00am PDT
on the line. after fighting for fairness, is it the rich riding highest in the obama economy? i'm christine romans, and this is "your money." it was just two weeks ago when it seemed the president had won his latest battle. >> the way business is done in washington has to change. >> but with an obama care fiasco bringing any momentum to a screeching halt, has he lost the war? a president whose signature legislation has turned into a national punchline. >> so if your doctor's only giving you three weeks to live, you are screwed, okay? >> whose spy agencies are tapping allies' cell phones. >> i guess the real question is who's in charge? the president doesn't seem to know if he's spying on our allies. >> the president says he didn't know about it. the only thing going the president's way these days, the economy. at least for those with the money to take part, the dow and the s&p 500 hit all-time highs again this week. corporate profits roaring back. and a housing rebound. but you need cash and good credit to get in the game. so what happened to promises of an economy focused on fair
KICU
Nov 4, 2013 4:00am PST
slowing down of the economy and this week since we don't have a lot of data one of the most important things of course will be the jobs number but on monday were going to have factory orders and this actually shows how the economy could be performing into the future so people might want to take a look at that, and if people are ordering more durable goods say refrigerators and stoves for their houses that means people are spending more money which increases our economic growth. so it's very hard to determine what people should be watching without a lot of reports coming out this week. but i would say really watch for those factory orders because it gives us a picture into the future. > > what about going long this market? what sectors or industries which to invest in right now or consider? > > it's so strange because with the economic data last week, the s&p made new highs and everyone was kind of sitting there saying i wonder why this would be were waiting for the fed to come out talk about tapering still. we're waiting to see if they're going to change the rates which ever
LINKTV
Nov 4, 2013 2:00pm PST
a new economy whose major product is intellectual property? monopolies -who's in control? with the help of our economic analyst richard gill, we'll find out on this edition of "economics usa." i'm david schoumacher. we like to think of our economy as one that runs on competition. for instance, we can choose the brand ofasoline weuy. if one station sets its prices too high, thene can simply go across thet if one station for a lower price.o high, if enough drivers pass the high-price station by, sooner or later it goes out of business. of course, if in order to attract business a station sets its prices too low and can't cover costs, sooner or later it'll go out of business, too. but what happens to prices if one company, or one person, controls all the gas stations? that was what the country faced in 1890. the company was standard oil -- the man was john d. rockefeller. this was the infant oil industry john d. rockefeller saw after the civil war. drilling equipment was hand- and foot-operated in those days and available cheap. anybodcould join the o rh, and anybody did. with thousan
PBS
Nov 1, 2013 10:00am PDT
treat served as bolstering expectations that the korean economy is on the path to gradual recovery. korea's rising exports will boost domestic demand and the number of jobs which will contribute to the train economy's recovery in the fourth quarter the central bank said last week that any economy grew three point three percent in the third quarter of this year from a year earlier the fastest pace of expansion in nearly two years. despite the rosy outlook retreat ministry cited in the west. i could stand offs and the fence and tapering of its bomb buying stimulus program has major uncertainties that could have a negative impact on the nation's exports. did you use. sale as economic news korea's consumer prices grew at their slowest pace in fourteen years in october saying his ear percent range for a second straight month statistics korea said friday that the nation's inflation rate edged up just zero point seven percent last month from the same period a year earlier slowing from a zero point eight percent gain in september. the figure marks the slowest yearly growth since july ninet
CNBC
Oct 30, 2013 6:00pm EDT
says it has to keep buying bonds because the economy is still not strong enough to generate enough jobs without interest rates staying lower than they might otherwise be. the stock market's retreat and the dow gave up 62 points. the s&p dropped 4.9%, and the nasdaq declined .55% and can clearly be laid right at the fed's feet. that's because until the fed releases the down beat statement crafted after the monthly meeting the average is pretty much even keel and after a moment's hesitation. the sellers -- >> sell, sell, sell. >> overwhelm the market and stocks began to plummet. detailing and explaining a pattern of stock buying and selling that while totally counterintuitive has become the mod us operandi, and i want to game it with me. first, the stock market acts pretty sanguine in the days leading up to the fed meeting largely because we know the economy is too weak to stand up by itself. we know the fed has to continue to buy bonds to keep interest rates low, and they told us that. lower rates allow the companies to buy more aggressively and hopefully from the fed's point of vie
FOX News
Nov 2, 2013 4:00pm PDT
white house did not want. this matters, obama care affects one- sixths of the u.s. economy. not to mention your own economy. why healthcare.gov is going off line again. >> one of the nation's busiest airports is in the seen. >> it is like a dream. it was not real. it was so intense and not normal to hear that. >> the attack like this tests our resolve and who we are and respond. the line of fire and recovery. >> in moments, the now evidence that the killer may have had a specific target in mind. and a city's response in the face of tragedy becomes a point of national pride for all of us and celebrating boston strong. i am harris faulkner. down again. healthcare.gov that is linking americans to health care exchanges will go off line in a few hours from now. the site will be down for an extended fix. something that the website sorely needs. it is plagued since day one. you can count the number of successful enrollments on hand. and memos from the obama administration show that six people managed to sign up the first day the website went live. the administration is promising a tech su
PBS
Nov 2, 2013 1:00am PDT
that yet. what we are seeing is a competitive market and the concern is if this economy plateaus or doesn't continue growing at the clip it's been growing at, will they have to put more money to goose the sales? >> all right. we'll keep watching. phil, thanks so much. >>> well, it is a new month and on wall street, day one was a good one for stocks. the markets got a big boost from a surprisingly strong read on u.s. manufacturing in october. it rose at the fastest pace in 2.5 years. all major averages avoiding a third consecutive day of loses with stocks rising into the close, the dow up nearly 70 points, nasdaq added two, the s&p 500 was up five. rates on the ten-year treasury note rose steadily all session long closing up at 2.6%. >>> time for the central bank to phaseout the stimulus program. charles plauser said the feds should have begun tapering back at its meeting earlier this week. >> i thought we kind of missed an opportunity to make a small gesture to signal the fact this is a dial we can promove and adt it and fine tune it, if you will. >> he suggested setting a maximum d
SFGTV2
Nov 2, 2013 11:00pm PDT
the economy. and people like us enterprises having things around that is important thank you for having us here >> our first kwes question was to draw out comprehensive stories. the next will be very active among our panel. because one of the common arguments we hear outside of san francisco in silicon valley is they take away the american jobs what would you say. think lightning rod. mayor lee how do you respond to critics >> first of all, you've got to look at the real data and the institute is did the studies when you've got the talent with the people of high degrees we want to retain here you'll find with technology jobs there are 4 other local jobs that are sustained. so that says if you keep the talent in america other jobs will come attached to that. that's invaluable in san francisco. and did we get from 9.6 percent in unemployment to 5.2 >> it's because of you're great leadership. >> thank you carl but it's because this fact is very true. along with one job comes others it's valuable to our tourism and the labor unions know this that's why their backing up this. they kno
CNBC
Oct 31, 2013 1:00pm EDT
fiscal state of the country isn't as bad as some people say it is? so what's it mean for the economy and for stocks, we're going to give you the answers in three minutes. >>> and we have the first and only video of the first bombing run of that new f-35 fighter jet. the planes are designed to replace the f-16s as the backbone of american air power. stew is out today. we're joined by kayla tausche. kayla? >> thanks, tyler. we start with a story that impacts anyone who flies. that phrase "please turn off your electronic devices" we hear every single time before takeoff, that may soon be a thing of the past. soon. not quite yet. shares of goinggo up big. they don't give you wi-fi below 10,000 feet which is what this rule changes, but the idea is maybe they will. phil lebeau is in chicago reporting on the faa's new policy. a long time coming, phil, but fun to see that it finally happened. >> you know, kayla, you fly a lot like i do. i think we're both tired of the stare that we get from the flight attendant when we don't turn off our kindle or whatever we might have on at the time. that'
FOX Business
Oct 31, 2013 7:00pm EDT
, that gets more to the economy side of things, which are not working well either. lou: this president, this administration seems content with the level of unemployment and under. am in this country, much as you know chronic, this is a president, as you go through his agenda, from the day he walked into office, obamacare, is his sig true law. -- signature law, here we are, with a mess that threatened lives, it threatens the economy, because as nancy pelosi said, if you want to read it you have to pass it, and i don't know that many people took her up on either the before or after. we have a pending disaster on our hands, don't we? >> it is right in our hands. you know there is a big difference between organizing a community of like-minded people, than leading a nation. or taking on a business proposal that pertains to 1/6 of the american economy if you never run a business, it is a shame, a disaster for the american people, we're a tough nation, we'll bounce back. but we need proper leadership if we're going to do it i look at one project like ex il xl pipel, that republicans
FOX News
Oct 27, 2013 7:00pm PDT
need somebody to foster conditions for a healthy economy. >> really? >> your collar bb juworth as mu tomorrow than tz today. >> he has been in charge for a while. >> not everybody likes it. will i think it's good. >> he said housing prices wouldn't crash. >> never had defined house crisis on a nationwide basis. >> she is going to be in charge. >> one of the most important economic decisions i will ever make. >> probably the second most powerful job in the world. people don't know what it is. >> the fed is a small group of old white people who get to spend trools of your dollars in secret. >> no secret law government officials should have employees out of thin air. >> are you fed up with the fed? that's our show tonight. >> now john stossel. >> i have done hundreds of tv shows. there's one topic i have always avoided. the fed. it is so complex and dreary. the people in charge even work at being dull. some call it fed speech because he didn't want to spook the markets or kiss his hand about the fed's plan. bernanke and gel len are also. ment it could destroy your saving, effect whet
Al Jazeera America
Oct 30, 2013 6:00pm EDT
stimulus. the dow falling more than 60 points. policymakers saying the economy is not healthy enough to reduce the central bank's $85 million a month stimulus. we have a couple of minutes, ali, what is worrying the fed. >> reporter: first you said the stocks went down. i don't think there was a human in america who thought they were going to hear the fed say they were going to stop putting their $85 million a month in the economy. the economy was going okay for a while, but they felt that the budget nonsense in washington, the government shutdown, the ongoing fiscal disputes, they feel they have taken a bite out of the economy, and then they cite a slightly weaker jobs picture. we have the private sector report, a predictor of the government report, 130,000 private sector jobs were added in october. 130,000 is well below the average for the past 12 months. you take a slightly tepid job picture and then the government mucking things around. we'll stay in the business of putting all of this money in the economy and keep interest rates low so people will borrow and spend. >> is it working?
WHUT
Oct 31, 2013 7:00am EDT
sort of school. we will bring you more as it comes in. let's catch up with the eurozone economy. numbers,are the jobless numbers, unemployment rate for europe still at a record high. 12.2% unemployment rate across europe. talking about 26.8 million people who don't have a job. the increase from when this crisis really took hold, which was say the end of 2008 in europe, 60 million people were unemployed. just over an extra 10 million people we're talking about who have lost their jobs since the crisis and the subsequent low growth. putting a dent the labor market in the region was perhaps reaching a turning point. that is out the window. this is serious stuff. we're talking about a situation that is like a dog chasing its tail. these economies the more domestic consumption. basically, people in their countries on the ground spending money. did the economy growing. a growing economy physically creates jobs. if you're unemployed, no job, you're not spending money, even if you have a job you're worried about the economy and you kind of hold back. it is this persistent dog chasing it
WETA
Nov 4, 2013 5:00pm EST
bit more than they had thought. >> our economies are very integrated. one would expect that they'll continue to be integrated. you know, so the idea that we're going to isolate them, i don't really see how that would work in any case. but if that were a goal of policy, if we actually could get to a situation where we did sort of separate the countries, that would not be a pretty picture. so i think we have to look to integrate with them and ideally on better terms than we currently have. >> some people refer to this pacific deal as the "north american free trade agreement on steroids." does that make sense to you? >> well, it does because the north american trade agreement in the end wound up helping corporations and didn't do much for american workers. in fact, there have been economists who've said that nafta produced as much as nearly a million job losses in the u.s. and the whole notion of this agreement is to facilitate the movement of capital and to give capital even more privileges than it has now. so, you know, workers, except for a few who have a seat at the table like the
SFGTV
Nov 3, 2013 1:00am PDT
economy one of the revolutions is going to be the transfer from a economist economy. there's a lot of manufacturing in that and we don't have policies on robotics to make those things. so things are much bigger in the maker movement in terms of impacting the economic we're not having consistent policy >> the carbon basis life form i'm concerned. >> you've been replaced by a robot. >> i have a couple of things one is at a simplistic level. there's this rhetoric we need to reforearm the defeat it's a global economy and when you look at the parts and supplies and protection policies that seems like a good idea until you realize you're using parts from all over the accruing world. and the granted program be reapplied into a national program that comploiz the income to smaller companies to give people on-the-job training >> terrific. >> for the next may mayor. i want to give us reductions to what is written here in big letters free wine. this is the after party it's on 25 mission go left on howard and left on first and left on mission 925 mission. free wine. please join me in thanking our
WETA
Nov 1, 2013 8:00pm EDT
economy working? are jobs being created? and the answer is no. and people are still angry about that. but where all of these issues get tied together is i think that most wonderful question is the federal government part of the problem or part of the solution? people are looking at washington, and they're seeing a government shutdown. a problem for the economy, drags consumer confidence down, slows the economy. government created the problem, right? health care website. who created that problem? n.s.a.'s spying. who created that problem? so these are all problems that the federal government seems to be creating and not solving. and that is what's pulling everybody down. >> doyle, if we could rewind you a bit here. you said the lesson here is that if the government shuts down, everybody's numbers go down. we have the possibility of this happening again in the next couple of months. did they learn this lesson? do these poll numbers make any difference? >> i think -- certainly the leadership of congress and -- let's be precise. it's the house republicans we're talking about. yeah, i thi
Al Jazeera America
Oct 29, 2013 5:30am EDT
down, hitting the entire economy. second, robust home sales with increase demand in the larger economy. housing has these tent identicals that go far beyond housing, carpentry, lumber, furnishings, pickup truck sales to contractors. moving in a new home comes with additional spend on the ground home improvement, big tickest purchases, furniture, applieses. housing over the last year has helped to boost sales at building and garden reply. by 7.6%. that's just an example. most homes told in this country are used homes, exit are homes as we call them. a small percentages of new homes, new home construction creates a lot of jobs, in september we saw 20,000 construction jobs add today the economy in an otherwise disappointing employment report. a drop in pending home sales could reverse the gauges. of the 9 million jobs lost in the last reception, more than a million of them were in-housing and scan instruction alone. so whether or not you are about to buy or sale a home right now. coming slow down in america's housing market should concern you. but right now, by the way, you have enough to
Al Jazeera America
Nov 5, 2013 5:00am EST
economy is recovering slowly and what more did he have to say? >> he said there were definitely positively trends there particularly in growth and the question of public debt by governments within europe but he was cautious at the same time. he said there were definitely signs that the economy had reached a turning point which he said would have been the medicine which has been prescribed to many countries within the euro zone and would take longer for this positive trend to translate into growth to start generating jobs which as you pointed out is one of the key problems really at the moment in the euro zone and they said it was too early to declare victory and not a time to feel complacent and more work needs to be done in the euro zone and europe to tackle the problems and modernize the economy. >> reporter: huge problems ahead and europe has a jobs crisis and a wide disparity in economic performances across the euro zone. >> yes, in particular to do with the whole question of public debt. again they said there had been some encouraging trends previously, there were only thre
SFGTV2
Nov 5, 2013 5:00am PST
, people were terrified. because it seemed like the economy had no bottom and the banks were going down and there was no federal deposit dollars. so imagine a time when we actually had a president who told us we should be courageous rather than trafficked in fear. to his own advantage. there's been a long war on the new deal. it was when roosevelt got started. almost immediately, the more than great realized the lengths he was willing to go. at the beginning, roosevelt didn't understand how far he was going to go. the dupont family and the ones that set up the american liberty league. that was successful because they have unlimited amounts of money. there were so popular, they were not able to stop it. they began to finance right-wing think tanks. they have been successful to the university of chicago economics department and notable fraud such as milton freed man. the idea of neoliberalism is there should be massive, selective tax cuts. margaret thatcher it is there is no alternative. of course that's absurd. there was an alternative. we have to connect the dots to understand what is g
FOX Business
Nov 4, 2013 11:00pm EST
connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their0-year lipper average t. rowe price. invest with confidence. with investment information, risks, fees and expenses to read and consider carefully before investing. 72 you know, despite what you hear the united states is still the world's largest economy by 4, but one out of four americans not buying, a quarter, sees china as world's dominant economic power. they have been told to believe that is the case, it is amazing, with our problems, economically whatever china's rapid growth, it is nowhere close to where we are, yet americans are convinced that it is over? >> if is not over, but americans feeling this way, we see it every day, people are right, they see our government cannot function, our president lies routinely, at the time that putin is out harpooning whales bare-chested our president is out chatting with the girls on the view, people do not trust us. we cannot be believed, our credit is in doubt. our markets are in doubt, even though woo do have the strongests economy in the world,
CNBC
Oct 30, 2013 4:00am EDT
. market reaction is extremely limited. that is the main driver to the spanish economy. the result of the policy complemented by the spanish prime minister who implemented some structural reforms, including some deep reforms of the labor market. these made spain more competitive and helped to sell its production outside the country. this is the most important and most positive signal for the spanish economy. on the other hand, the internal demand remains weak and ma may be because of the extremely high -- in spain. consumer sentiment has been falling for three years. it seems to be let me thinked to some technical ek because last year in september there was a vat and that's the reason why the comparison basis was favorable. but the internal demand remains very weak. it will remain very weak according to a private economist. the imf believes the unemployment rate will remain about 25% in the next four years in spain. pel be filling spain with various cargo areas. stay with us. >> stephane, thank you so much for that. let's continue our check of the markets across europe. the dax in
FOX Business
Oct 30, 2013 1:00pm EDT
government shutdown affects the economy. inflation still remains a no show that would give the fed some wiggle room. i also want to talk about a dow component, nike. along with the dow industrials and the s&p earlier this morning. nike shares are up now. they got enough grade from morgan stanley to overweight. so we will continue to check on them throughout the day. back to you. adam: thank you very much. nicole: health and human services secretary kathleen sebelius taking full responsibility of the rollout of obamacare. joining us from capitol hill with more on the secretary's testimony. we are hearing word like she's frustrated, wants to rebuild confidence. what are you seeing and hearing? >> she is the one i should be held responsible for all of this. saying hhs secretary kathleen sebelius is expected back before this committee in december to talk about how many people have actually enrolled in obamacare. right now the administration is not saying because they don't have the numbers. >> i'm not asking about what they enrolled in or whether they came in and said they were 65 and work
CNBC
Oct 30, 2013 5:00am EDT
years, a mere 0.1% uptick in third quarter gdp marks the first time the economy has grown for a while. >>> all right. the fed wraps up its two-day meeting this afternoon. central banks announced last month that it wouldn't start tapering purchases just yet. the move comes amid concerns about the budget fight in washington. senator paul wants to hold up janet yellen's nomination. he also wants a bill on transparency. very good morning to you. we're seeing ten-year treasury fall down to around this 2.5% level where we stand at the moment. expectations now for tapering starting in march next year. will yields stay where they were? is there any chance of them going low? >> i think if it becomes apparent tapering won't commence until march, treasury yields could fall a bit further, maybe as low as 2.25%. but with that threat of tapering in the background, it's unlikely they'll fall back to the previous lows we saw in the in the middle of the la year. >> what is the chance that there may be some minutes out saying, look, there is still an argument for a december move? is there any price of
PBS
Oct 30, 2013 12:30pm PDT
collapsing economy of india, which compelled him to write a letter to the prime minister and the governor of the reserve bank of india about the hidden treasure. >> and a startling revelation, angry citizens exposed that militants had taken refuge in the region, not only promoting violence but also involved in raids. what is shocking is the fact that these militants are protected by government. >> people of pakistan-occupied kashmir are enraged over the growing terrorist activities in the region, bearing the brunt of terrorism for decades. the common man here has finally decided to take the authorities had on. agitators claim that militants who ran away from various prisons of pakistan have been taking refuge here and are responsible for the growing specter of militancy. what is more shocking is that the state is hosting the militants. in startling revelations, locals say that not only pakistan-based but foreign militants are also taking asylum in pakistan- occupied kashmir. there are fears that al qaeda and taliban militants have set up training camps here. with just a few month
CSPAN
Nov 2, 2013 4:00am EDT
the importance of the american economy in terms of driving china's economy and other economies in the world. their importance is driving other economies in the region and elsewhere. it is a principle reason why we should invest in here. it is a top priority at a level unlike any before. you're sitting here in the heart of the most open economy in the world. the u.s. is the largest recipient of direct investment. manufacturing was mentioned. we have about 5.6 million total good paying american jobs contribute in close to when chilean dollars to our economy -- $1 trillion to our economy that comes from foreign direct investment. that that is why manufacturing, or energy companies for many of countries are setting up shop here in the united states every day. our trade agreements are built on the premise and shared prosperity, we have deals that go both ways. those create good paying jobs all over the world. they offer american firms unprecedented global access. it also opens our doors and our markets to foreign firms. this is the direction of the world. this is the way the world is g
PBS
Oct 30, 2013 11:00pm PDT
bernanke said if the u.s. economy continued picking up speed, then the fed would start reducing bond purchases. today, members of the federal open market committee aren't sure if the american economic engine is strong enough to produce -- reduce unemployment and increase growth. >> the two parties need to sit down together and take this seriously. there is a huge movement in the business world. they are writing letters to the leaders, saying, this is no joke. if you come -- continue this way, the real economy will be affected. >> economic data has been distorted by the ever mentioned him the brinksmanship over raising the debt ceiling. the postmeeting statement notes that fiscal policy is restraining growth and that the housing sector has slowed somewhat. but the committee members to see underlying strength in the economy and will await more evidence before deciding to slow the stimulus effort known as tapering. >> they have to say, tapering is a possibility at the end of the year, even though i don't think they will. the data that is going to be coming out in the next couple of mont
Al Jazeera America
Nov 4, 2013 8:00pm EST
that some wall street firms are too big, too powerful and too important to the economy to prosecute. some and lists say criminal charges against chase would be a truer test. >> the sec didn't pose the same risk to the economy as a too big to jail problem as go the city bank or bank of america or wells fargo or jp. mor morgan would. if you had one of those banks charged criminally it would limit their ain' ability to trat business and they would have massive lay-offs and it would hurt the economy. raj is also serving an 11 year prison se sentence. prison charges against cohen are still possible. >> and the sec capital fine was not the only big settlement announced today. johnson & johnson was accused of paying kickbacks to doctors and a for pharmaceutical provider ad marketing drugs that are not approved by regulators. >> so michael eaves joins us with sports to talk about alarming allegations about a n.f.l. player. miami dolphins ritchie incould gincognitois facing further dise after the team suspended him. hfollowing allegations that he pullied martin. martin left the team last wee
FOX News
Nov 2, 2013 8:00am PDT
takes control of the entire health care market, 1/6 of our economy, we will have nowhere else to go. >> we have the government fails, they'll just get more money to fail even more. and you know, getting back to rick's point about, he's talking about catastrophic needs for health care. >> exactly. >> that's what the market can fix very easily in terms of cancer and heart disease. we could buy catastrophic insurance very easily and very inexpensive precisely because it's far more rare. you've got to let the markets in. what rick is doing and it's very naive is going to remove that market force from -- and it's going to make it very more expensive and very more difficult for people to get it when they most need it. >> rick? >> let me tell you what's naive, john. i can respond to each one of your arguments if i had the time by our friend david here told us about his knee surgery and how you can go about shopping for them online. you tell me, david, look me in the camera there and tell me you would have picked your knee surgeon based on price. you wouldn't have. you would not have priced
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